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lou: there are only ten days remaining to the fiscal cliff. president obama headed to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations with the president have, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbs, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he could not go any further. lou: and he didn't. the plan be option collapsing last night when he failed to get republican support to raise taxes on only those making more than a million dollars a year. over in the senate majority leader harry reid pounced on the very public embarrassing defeat. >> we knew the so-called plan b was no plan at all. it could not pass the senate. it turns out, it could not pass the house either. it is too bad speaker boehner wasted a week in his political stunt. lou: if there is no agreement, taxes will go up on all american taxpayers an
lou: there are only ten days remaining to the fiscal cliff. president obama headed to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations with the president have, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbs, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he...
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Dec 24, 2012
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well, we begin tonight with the fiscal cliff, justin days from the largest tax hike in american history was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxes and draconian spending cuts resting squarely on the president. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimistic signs and we have seen actually some upside to from a whole range of areas, including two from including housing, now is not the time for more self-inflicted wounds , seven not the estimate from washington. lou: president obama's top advisers were quick to dump on the speaker come -- declaring he is backed into a corner. >> they went from plan b to plan seal later. the fact that they could not even plan -- pass that was an embarrassment. >> in private the president's advisers admit they are bit more apprehensive firmly believing mr. obama has the upper end of the public. if the market takes the hit to the commander-in-chief we will still face hi
well, we begin tonight with the fiscal cliff, justin days from the largest tax hike in american history was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxes and draconian spending cuts resting squarely on the president. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimistic signs and we have seen actually some upside...
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Dec 24, 2012
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cliff. >> nine days to get a deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady attended today's service. the president has said inouye was his earliest political inspiration. >>> many gun shop owners say sales have been booming. thousands of north texans visited local gun shows and stores this weekend where the most powerful weapons are costing more than ever. a gun dealer told our affiliate that an assault style weapon ran around $900. this week anywhere from 1500 to $2500 many in just a few minutes my conversation with a gun shop owner, several former police officers and a school safety expert who says the current call for bringing guns into schools for safety is in his words, borderline insane. >>> an estimated 87 million americ
cliff. >> nine days to get a deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady attended today's service. the president has said inouye was his earliest political inspiration....
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Dec 24, 2012
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from the fiscal cliff deadline. there's no movement from lighter side. a south carolina congressman is voted against who speaker john boehner's plan b. he says passing the plan would not have changed the outcome. >> the reason i was against plan was i am not convinced the senate was ever going to take tips up. people feel all the house had to the endass the bill at of a discussion. beginning from the continue to believe the in notnt has no interest over the cliff. >> congress is not expected to meet again until after christmas. >> investigators are searching deadly gunman behind a double shooting in northeast d.c. of4-year-old raymond harris northwest and 69-year-old l beasley jr. of south east were shot early saturday morning. harrison died at the scene and r died at the hospital. no word on what led to the shooting. d.c. teenager shot the leg at a bus stop earlier month received a special delivery. the 18-year-old girl was shot by stole herunman who schoolbag, so some d.c. firefighters brightened her spirits this
from the fiscal cliff deadline. there's no movement from lighter side. a south carolina congressman is voted against who speaker john boehner's plan b. he says passing the plan would not have changed the outcome. >> the reason i was against plan was i am not convinced the senate was ever going to take tips up. people feel all the house had to the endass the bill at of a discussion. beginning from the continue to believe the in notnt has no interest over the cliff. >> congress is not...
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Dec 24, 2012
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blame worries of that fiscal cliff and other issues for a slump in holiday shopping. sales fell more than 4% during the second week of december. but overall sales should be up 2.5%. that's less than earlier predictions. retailers expect $258 billion in sales by christmas day. online sales, meanwhile, are up more than 8% on saturday to an estimated 48 billion. you done with your shopping? or are you so slow like me? >> i am done. i got most of it done. my husband is going to have to finish it off for the rest of the family because i don't have anymore time. >> you're working overnight. perfect excuse. >> and he's happy to do it. >>> while you're out and about with the family, mother nature is getting into the holiday spirit with christmas lights of her own listen to this, jupiter and the moon will be in conjunction tomorrow evening, but they're already close together in the sky. and bright enough to be visible around the world, even in big cities. >> and with a home telescope you'll be able to see the storms on jupiter and the four largest moons, as well as the mountai
blame worries of that fiscal cliff and other issues for a slump in holiday shopping. sales fell more than 4% during the second week of december. but overall sales should be up 2.5%. that's less than earlier predictions. retailers expect $258 billion in sales by christmas day. online sales, meanwhile, are up more than 8% on saturday to an estimated 48 billion. you done with your shopping? or are you so slow like me? >> i am done. i got most of it done. my husband is going to have to finish...
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Dec 24, 2012
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eight day before mi fiscal cliff. mi fisca[ male announcer ] playing in the nfl is tough. ♪ doing it with a cold, just not going to happen. vicks dayquil -- powerful non-drowsy 6-symptom cold & flu relief. ♪ no matter what city you're playing tomorrow. [ coughs ] [ male announcer ] you can't let a cold keep you up tonight. ♪ vicks nyquil -- powerful nighttime 6-symptom cold & flu relief. ♪ so why exactly should that be of any interest to you? well, in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. like the transatlantic cable that connected continents. and the panama canal that made our world a smaller place. we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? because for 200 years, we've been helpi
eight day before mi fiscal cliff. mi fisca[ male announcer ] playing in the nfl is tough. ♪ doing it with a cold, just not going to happen. vicks dayquil -- powerful non-drowsy 6-symptom cold & flu relief. ♪ no matter what city you're playing tomorrow. [ coughs ] [ male announcer ] you can't let a cold keep you up tonight. ♪ vicks nyquil -- powerful nighttime 6-symptom cold & flu relief. ♪ so why exactly should that be of any interest to you? well, in that time there've been...
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Dec 24, 2012
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lori: it has been a tough couple of days with all of the nonsense and the fiscal cliff. we will get that in detail on this christmas eve. let's zero in on the semiconductor names among the worst performers today with the semi etf seeing a move to the downside. including intel, texas instruments and farm holdings. david: the whole energy sector, names like chevron, marathon, all posting losses today. lori: retailers themselves were not all in on the holiday spirit on this christmas eve trading day. back in eagle, staples among the biggest losers in the sector. david: those idiots inside the beltway cannot seem to get it figured out. don't expect one anytime soon. lawmakers are gone for the holiday, so does the white house even want a deal by the new year, or automatic tax hikes what they want in order to balance their spending? more on that coming up, does the president really wants to go over the fiscal cliff? lori: cannot wait to hear where we stand, the latest negotiation or any at all on the cliff. spending specifically on toys. there is not a runaway must-have toy th
lori: it has been a tough couple of days with all of the nonsense and the fiscal cliff. we will get that in detail on this christmas eve. let's zero in on the semiconductor names among the worst performers today with the semi etf seeing a move to the downside. including intel, texas instruments and farm holdings. david: the whole energy sector, names like chevron, marathon, all posting losses today. lori: retailers themselves were not all in on the holiday spirit on this christmas eve trading...
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Dec 24, 2012
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the driving force concern over the fiscal cliff. now just seven days away. the dow down roughly 53-point newtown it's a whopper of a comeback, for the first time in 15 years whoppers are being served in the country better known for fine food and fast food. burger king worldwide opened a food through an agreement with auto food, closing 39 french restaurant in 1997. they weren't profitable. "the hobbit" was the top attraction at the box office for the second straight weekend. taking $36.7 million beating a rush of top name holiday newcomers raising the gross domestic total to nearly 150 million after 10 days. we continue the closin "countdoo the closing bell." ashley webster. ashley: thank you very much, adam. i am sure the french are thrilled burger king is back. adam, thank you so much. so, will 2013 b. the golden year for precious metals? my next guest thinks so, he thinks gold will pass $2300 per ounce next year. ceo and president of mcalvany management, david mcalvany joining a fox business exclusive. since gold hit about $1900 back in 2011, we haven't b
the driving force concern over the fiscal cliff. now just seven days away. the dow down roughly 53-point newtown it's a whopper of a comeback, for the first time in 15 years whoppers are being served in the country better known for fine food and fast food. burger king worldwide opened a food through an agreement with auto food, closing 39 french restaurant in 1997. they weren't profitable. "the hobbit" was the top attraction at the box office for the second straight weekend. taking...
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Dec 24, 2012
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the driving force to turnover, one else, the fiscal cliff, now just seven days away. goldman sachs reinstating general motors with a vibrating and a $35 price target. goldman says gm will benefit from a fresh product cycle. santa claus is coming to town tonight. you will not be able to find him on google maps. norad has decided to switch for the first time. that is the latest from the fox business network. giving you the power to prosper. ♪ dagen: short trading session. let's take a look at how these markets are holding up. people are gone for the christmas holiday. the markets close at 1:00 p.m. eastern time. close all day long tomorrow. it is almost quarter till the hour. nicole: i am watching a market that is pulling back a bit. the vix, the fear index, is to the upside. there is no real catalyst to say this market will soar today. instead, it just pulls back a little bit here. here is a look at the dow jones industrials. down about 40 points right now. i also want to take a look at herbalife. they had this whole reason as to why they were shorting the company. h
the driving force to turnover, one else, the fiscal cliff, now just seven days away. goldman sachs reinstating general motors with a vibrating and a $35 price target. goldman says gm will benefit from a fresh product cycle. santa claus is coming to town tonight. you will not be able to find him on google maps. norad has decided to switch for the first time. that is the latest from the fox business network. giving you the power to prosper. ♪ dagen: short trading session. let's take a look at...
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we do have this practical problem ten days from now of the fiscal cliff. i said republicans would be well advised to accept the fact that president obama won the election and minimize the damage that will be done by the tax increase that is coming. >> chris: you would go for the stripped down obama plan? >> i would go for what the speaker tried to do late last week and try to get the number up from $250,000. yes, there is going to be a tax increase on the wealthy. i would try to protect investments as much as possible. do the amt patch. have a reasonable deal on estate taxes. i'm a squish on this. got to make the best of a bad situation. i think what will happen incidentally is republicans will be faced on monday, on december 31 with having to vote on a much worse proposal than the one they didn't give speaker boehner the majority for. >> chris: the plan b. >> harry reid will pass through the senate on thursday or friday a tax hike on everyone over $250,000 and republicans will have the joyc choice on m, letting it come to a vote. i think the speaker proba
we do have this practical problem ten days from now of the fiscal cliff. i said republicans would be well advised to accept the fact that president obama won the election and minimize the damage that will be done by the tax increase that is coming. >> chris: you would go for the stripped down obama plan? >> i would go for what the speaker tried to do late last week and try to get the number up from $250,000. yes, there is going to be a tax increase on the wealthy. i would try to...
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Dec 24, 2012
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and we're less than 10 days away from the so-called fiscal cliff. and tonight there's no movement from either side towards the deal. congressman nick mulvaney talked about why he couldn't go with john boehner's plan b. >> i was never convinced and still not convinced that the senat was every going to take it up. people seemed to assume that all the house needed to do was pass this bill and it would be the end of the discussion. i believe from the beginning and continue to believe that the president has no interest at all in not going over the cliff. he wants to go over the cliff. >> well, as far the president, he said on friday that lawmakers needed to go home over the holidays to cool off but come back ready to make a deal. >> fire has destroyed a home that was more than a century old. the fire broke out around 12:30 this afternoon. no one was hurt. the fire caused about $50,000 damage. >> d.c. area boaters and kayakers are in for a shock tonight. that's because a georgetown landmark is being shut down. the national park service has terminated the
and we're less than 10 days away from the so-called fiscal cliff. and tonight there's no movement from either side towards the deal. congressman nick mulvaney talked about why he couldn't go with john boehner's plan b. >> i was never convinced and still not convinced that the senat was every going to take it up. people seemed to assume that all the house needed to do was pass this bill and it would be the end of the discussion. i believe from the beginning and continue to believe that the...
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. >>> just over seven days and counting until we reach the fiscal cliff. no official talks are scheduled and lawmakers have left d.c. for the holiday break. president obama is in hawaii but may return early to resume negotiations. taxes for all americans will go up if a deal is not reached by january 1st. the main sticking points are tax hikes and spending cuts. >>> we are learning more about the dui arrest of a u.s. senator. mike crawl crapo was pulled over in alexandria. an officer said he saw him run a red light. police say he registered a blood alcohol level of .11. the legal limit in virginia is .08. the senator was released on bond about four hours later. the senator released a statement sunday saying i am deeply sorry. i made a mistake for which i apologize to my family, my idaho constituents and any others who have put their trust in me. he is due in court january 4th. >>> heading home for the holidays. nasty weather out west makes the journey longer for some people. we will take a look at mother nature. ♪ because we know how much you do to make
. >>> just over seven days and counting until we reach the fiscal cliff. no official talks are scheduled and lawmakers have left d.c. for the holiday break. president obama is in hawaii but may return early to resume negotiations. taxes for all americans will go up if a deal is not reached by january 1st. the main sticking points are tax hikes and spending cuts. >>> we are learning more about the dui arrest of a u.s. senator. mike crawl crapo was pulled over in alexandria. an...
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but the fiscal cliff could send the economy into a tailspin. it appears to already be affecting consumer spending and some of the country's most beloved snacks could soon return to store shelves. 9news returns in two minutes. >>> 4:40 on this monday morning. christmas eve. quiet right now. really no real problems i think till we get more toward late this afternoon into when rain may develop mixed in with sleet and snow. the roads staying mainly wet with high temperatures in the low 40s. a very active weather week coming up. i'll have your seven-day forecast in about five minutes. right now over to liz with a look at timesaver traffic. >>> good morning. the commute very much the same as the weather apparently. 270 montrose all quiet, cleared out. might see shopping traffic as the day goes on with the last- minute shoppers. otherwise so far so good. on the virginia ride, 395 at duke street, everything moves right along there. no problems on 95 coming in towards the mixing bowl either. that's a look at your timesaver traffic. now back to andrea. >
but the fiscal cliff could send the economy into a tailspin. it appears to already be affecting consumer spending and some of the country's most beloved snacks could soon return to store shelves. 9news returns in two minutes. >>> 4:40 on this monday morning. christmas eve. quiet right now. really no real problems i think till we get more toward late this afternoon into when rain may develop mixed in with sleet and snow. the roads staying mainly wet with high temperatures in the low...
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just eight days until america goes off the fiscal cliff. with both sides on holiday break, all we're getting is finger pointing. some republicans say the scenario that's unfolding is part of a white house scheme. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom cliff. gets additional tax revenue for new programs, to cut the military which democrats have been calling for for years and blame republicans for it. >> white house correspond respondent brianna keilar traveling live with the president, joins us from honolulu, hawaii. i suspect this is a working vacation for the president. >> it is what of a working vacation. he is always keeping his on eye on things. but there are not a lot of discussions going on. the white house no longer really having any substantive conversations with house speaker john boehner or senate minority leader mitch mcconnell which is key in finding something to get through the senate and perhaps because of
just eight days until america goes off the fiscal cliff. with both sides on holiday break, all we're getting is finger pointing. some republicans say the scenario that's unfolding is part of a white house scheme. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom cliff. gets additional tax revenue for new programs, to cut the military which democrats have been calling for for...
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a brief trading dye could be the driving force is the fiscal cliff just seven days away. light volume and bigger swings on all wall street with not much progress on congress because of the holiday. >> we will be back with more. thank you for waking up with us. take a look at the eighth norad santa tracker .... hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >> welcome back. the megayacht that steve jobs commissioned in the final years of his life has been impounded in amsterdam after a payment dispute involving the designer. the venus, a 137 million- dollar, 260-foot-long yacht, made its unofficial debut in late october. it's currently stuck in the
a brief trading dye could be the driving force is the fiscal cliff just seven days away. light volume and bigger swings on all wall street with not much progress on congress because of the holiday. >> we will be back with more. thank you for waking up with us. take a look at the eighth norad santa tracker .... hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's...
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. >>> we're going turn now to the looming fiscal cliff. eight days until we head over it, when just about everyone's taxes will go up. rather than moving together, the two sides seem to be literally moving further apart. the president in hawaii for the holiday, congress left the capital with no deal in sight. jon karl is in washington. they needed to get it done before new year's to see this thing get done. has the time to have that happen already passed? >> well, it's getting -- there's not much hope out there. i gotta tell you. just over a week left, josh. and the speaker of the house and the president did not even speak over the weekend. the last time they had a conversation was a brief phone conversation on friday. no signs of progress on anything since then. there wasn't much before, as you know. now the white house is looking at a fallback plan. just a stop-gap bill they're hoping congress would do that would delay the tax increases on people making over $250,000 from going into effect. it would extend unemployment benefits and delay
. >>> we're going turn now to the looming fiscal cliff. eight days until we head over it, when just about everyone's taxes will go up. rather than moving together, the two sides seem to be literally moving further apart. the president in hawaii for the holiday, congress left the capital with no deal in sight. jon karl is in washington. they needed to get it done before new year's to see this thing get done. has the time to have that happen already passed? >> well, it's getting --...
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it is for a >> we are eight days from the fiscal cliff deadline and there is no deal in sight. thursday is the soonest the talks would likely resume. they want to prevent automatic tax hikes and cuts in spending from taking place. >> were going to go over the cliff for. you cannot negotiate with someone who does not want to negotiate. >> it is the first, i feel that is more likely we will go over the fiscal cliff. if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> economists warn without a deal, the u.s. could plunge into recession. today is christmas eve and santa just set off for his 24-hour trek around the world. >> cameras are recording his final journey. he put a huge stack into the sleigh and rudolph led the way santa says it is important for everyone to wish for peace on earth. if you want to attract santana -- santa - look closely. >> this is norad tracker and he is heading along the australian coast. on the site, he has already delivered 86 million gifts. >> a lot of good little boys and girls
it is for a >> we are eight days from the fiscal cliff deadline and there is no deal in sight. thursday is the soonest the talks would likely resume. they want to prevent automatic tax hikes and cuts in spending from taking place. >> were going to go over the cliff for. you cannot negotiate with someone who does not want to negotiate. >> it is the first, i feel that is more likely we will go over the fiscal cliff. if we allow that to happen, it will be the most colossal...
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Dec 24, 2012
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ten days until we got the fiscal cliff. president obama speaking moments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for t
ten days until we got the fiscal cliff. president obama speaking moments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington...
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stock crumbled after republicans called off a vote on their plan b deal to avoid the fiscal cliff. the dow dropped 120 points on friday while the nasdaq fell 29, and there's one week until the fiscal cliff. some senators are expressing concerns that a deal will not be met in time. if that happens, households with incomes between 50 and 75,000 would see their incomes rise $24. households -- as americans hit the road for holiday travel, they'll be paying less at the pump. according to aaa, the average is $3.25 for a gallon of regular, down 18 cents from a month ago. send it back to you. >> thanks very much. have yourself a good holiday. okay. >> [ laughter ] >>> you will be allowed to roast chestnuts on an open fire in this bay area this christmas eve; but the air quality district management refers you have no open fire at. as the rain and wind let up, air pollution starts to build up. there's a chance tomorrow could be declared a spare the air christmas day. experts say wood young will improve the chances it will be allowed tomorrow. >> there's a blue ray disk of a fireplace you can
stock crumbled after republicans called off a vote on their plan b deal to avoid the fiscal cliff. the dow dropped 120 points on friday while the nasdaq fell 29, and there's one week until the fiscal cliff. some senators are expressing concerns that a deal will not be met in time. if that happens, households with incomes between 50 and 75,000 would see their incomes rise $24. households -- as americans hit the road for holiday travel, they'll be paying less at the pump. according to aaa, the...
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it's counterintuitive on a day when everyone is fretting fiscal cliff negotiations have fallen apart but if we bridge the cliff without too much damage to the economy, we could have a good bull market in 2013. given all of the things that can go right here, remember this stock is only for you, those of you who believe that washington can only get its act together before it's too late if it's a loser. blackstone is a loser. if you're a pessimist about the talks and less about the country in general. "mad money" is back after this break. >>> i always tell you please to stay the heck away from battlegrounds. stocks where there's so much heat that you'll end up withering in no man's land and that's no place for you as an investor. this week we got not one, not two, but three battleground stocks that crushed people and it's worth reviewing how horrendous they can be for your portfolio. three of the most controversial stories out there right now and controversy is something you don't want in your portfolio. we isolated the smallest semiconductor company earlier this year as a terrific play
it's counterintuitive on a day when everyone is fretting fiscal cliff negotiations have fallen apart but if we bridge the cliff without too much damage to the economy, we could have a good bull market in 2013. given all of the things that can go right here, remember this stock is only for you, those of you who believe that washington can only get its act together before it's too late if it's a loser. blackstone is a loser. if you're a pessimist about the talks and less about the country in...
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just eight days left before we go off the fiscal cliff. very quiet in washington because congress and the president, they're on vacation. want to bring in our guest, grover norquist. he's the president of americans for tax reform. 213 congressmen and 39 senators have signed his pledge, vowing not to raise taxes. grover, thank you for joining us, especially on this holiday christmas eve. appreciate it. >> good to be with you. >> first i want to play for you something that republican senator johnny isaacson of georgia said yesterday about what he might do when it comes to taxes. >> no one wants taxes to go up on the middle class. i don't want them to go up on anybody. i'm not in the majority of the united states senate, and he's the president of the united states. if we get down to the end of this year and the only choice we have is to save taxes going up on the middle class, then i would support that. >> grover, as you know, johnny isakson is not exactly a moderate. he's saying he would support tax increases for everybody below the middle c
just eight days left before we go off the fiscal cliff. very quiet in washington because congress and the president, they're on vacation. want to bring in our guest, grover norquist. he's the president of americans for tax reform. 213 congressmen and 39 senators have signed his pledge, vowing not to raise taxes. grover, thank you for joining us, especially on this holiday christmas eve. appreciate it. >> good to be with you. >> first i want to play for you something that republican...
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. >> but, first, don't go looking up the chimney for a deal on the fiscal cliff. there are just eight days, that's it, until the deadline to reach a deal, and there was little progress as lawmakers left town for the holiday. before the president took off for his hawaiian vacation with his family on friday, he pressured kfshs to pass a smaller deal, to delay those automatic spending cuts and to extend tax cuts for all except for the wealthiest of americans. now, while senators on both sides of the aisle, they spoke in support of at least a smaller deal on sunday. joe lieberman seemed to have less hope. >> it's the first time that i feel that it's more likely that we will go over the cliff than not, and that if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever in american history because of the impact it will have on almost every american. >> kristen welker is nbc's white house correspondent, also traveling with the president in honolulu. kristen, explain to all of us because it appea
. >> but, first, don't go looking up the chimney for a deal on the fiscal cliff. there are just eight days, that's it, until the deadline to reach a deal, and there was little progress as lawmakers left town for the holiday. before the president took off for his hawaiian vacation with his family on friday, he pressured kfshs to pass a smaller deal, to delay those automatic spending cuts and to extend tax cuts for all except for the wealthiest of americans. now, while senators on both...
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we're nine days away from going over the fiscal cliff. any progress to speak of today? >> there are a number of members of congress today asking that the president and the speaker try one more time. both republicans and democrats in the senate are saying the chances of that big debt-reducing deal really are lost. it's now a small deal, they expect it out of the senate probably later this week. >> david kerley reporting from washington tonight. thank you. >>> speaking of president obama, he attended the burial today of long-time hawaii senator, daniel inouye. it was a 19-gun salute when the senator's coffin arrived at the national memorial cemetery of the pacific. senator inouye was the first japanese american elected to both houses of congress. he was also the second longest serving senator in american history. he was 88 years old. >> the other big story we're following tonight, with a third of all americans traveling for the holidays, meteorologists are now worried about what could be the nightmare after christmas. two new storms are moving in. we'll get the forecast i
we're nine days away from going over the fiscal cliff. any progress to speak of today? >> there are a number of members of congress today asking that the president and the speaker try one more time. both republicans and democrats in the senate are saying the chances of that big debt-reducing deal really are lost. it's now a small deal, they expect it out of the senate probably later this week. >> david kerley reporting from washington tonight. thank you. >>> speaking of...
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well, on this christmas eve, the fiscal cliff is one day closering and much of the talk in congress focused who's to blame for a lack of a deal. there are nine days off to head off mandatory tax cuts and tax hikes. nancy cordes is in honolulu where the president is having his christmas vacation. and nancy, good morning. >> reporter: good morning to you, rebecca. it's almost as if the president and congressional leaders have called a sort of time-out when it comes to the fiscal cliff. there are no major discussions going on right now about what to do now that talks between the president and the speaker have appeared to have stalled. they were both here yesterday for the funeral of daniel inu way and & we're told they didn't know what to do next. the president urged leaders to craft a sort of scaled down plan that simply extends the bush tax rates for the middle class and extends long-term unemployment benefits for another year. but jeff and rebecca, it's really unclear whether even a package like that could pass both houses of congress, and so the president is going to be cutting his vacatio
well, on this christmas eve, the fiscal cliff is one day closering and much of the talk in congress focused who's to blame for a lack of a deal. there are nine days off to head off mandatory tax cuts and tax hikes. nancy cordes is in honolulu where the president is having his christmas vacation. and nancy, good morning. >> reporter: good morning to you, rebecca. it's almost as if the president and congressional leaders have called a sort of time-out when it comes to the fiscal cliff....
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>>> maybe eight days and counting before a fiscal cliff. will a shift too the senate save the day? then paradise lost. will president obama leave hawaii behind the day after christmas if a deal is in the works and the election hangover. new comments from one of mitt romney's sons that you might describe as puzzling. what do they really mean? and the gun battle rages on. new reports on why nothing may get done even after the sandy hook tragedy. >>> a massive tax hike and spending cuts -- republicans and democrats continue to point fingers in opposite directions, hinting that talks could go into the new year. >> are we going over the cliff? >> i believe we are, and i think the president is eager to go over the cliff for political purposes. he senses a victory at the bottom of the cliff. >> we only have nine days left here. when are we going to get serious about actual solutions? i would welcome john to tell me. he says he wants a solution. give us one, john. >> meanwhile, president obama is spending christmas in hawaii where he and the first lady attended the holiday memorial service
>>> maybe eight days and counting before a fiscal cliff. will a shift too the senate save the day? then paradise lost. will president obama leave hawaii behind the day after christmas if a deal is in the works and the election hangover. new comments from one of mitt romney's sons that you might describe as puzzling. what do they really mean? and the gun battle rages on. new reports on why nothing may get done even after the sandy hook tragedy. >>> a massive tax hike and...
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the first step in the fiscal cliff ought to be a republican discussion about what they were and were not willing to do. that did that seem to take place until earlier this week. the conversation was inconclusive. the one thing that has not happened yet, democrats have provided the votes on a lot of budget-related matters over the years but it was only after the tea party gave boehner permission to negotiate with the democrats -- those circumstances have to happen. we see you pushed as hard as you could. we now need to get something done. we're going to vote against this but work with the democrats. host: we have spoken to a number of republicans who say that the problem is spending. the government needs to cut spending. that is where we need to go in terms of reducing the deficit. guest: that is true, we need to cut spending, but there is some conflicting other couple issues. we to cut long-term spending on retirement programs to make them more in line with economic growth, not make them grow that much more quickly than economic growth. all the things that the republican house has pa
the first step in the fiscal cliff ought to be a republican discussion about what they were and were not willing to do. that did that seem to take place until earlier this week. the conversation was inconclusive. the one thing that has not happened yet, democrats have provided the votes on a lot of budget-related matters over the years but it was only after the tea party gave boehner permission to negotiate with the democrats -- those circumstances have to happen. we see you pushed as hard as...
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eight days until the fiscal cliff arrives and by the time congress gets back it's four or five days. is there any he hope remaining at this point for the so-called grand bargain? >> i don't think there will be a grand bargain before the end of the year. there's he hope a deal will be cut before new year's to avert the fiscal cliff by extending tax cuts temporarily or tax cuts from people under $250,000 of income. i spoke this morning to a republican member of congress who said, we still can come back next week, and we can still do it, although, you know, mara was talking in her piece about shoppers who think they get a better deal the longer they wait. it's a worse deal for the republican party having waited this long, having gotten beaten on the plan b that speaker boehner was trying to do. the terms are getting worse for republicans, not better. >> a lot of people watching this will say if congress couldn't reach a grand bargain with a self-imposed deadline, this so-called fiscal cliff, when will they ever get together and do something big? is there hope beyond the 31st and 1st of
eight days until the fiscal cliff arrives and by the time congress gets back it's four or five days. is there any he hope remaining at this point for the so-called grand bargain? >> i don't think there will be a grand bargain before the end of the year. there's he hope a deal will be cut before new year's to avert the fiscal cliff by extending tax cuts temporarily or tax cuts from people under $250,000 of income. i spoke this morning to a republican member of congress who said, we still...
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goes over the fiscal cliff in a if you days time and for how long. if it's avoided, there's considerable upside for the economy. you can see at least one and maybe two quarters of growth above 3%. the kind of growth putting people back to work and lower the unem ploim rating. why? because business has been holding back investment amid uncertainty unleashing business spending adding to growth for the nation rebounding housing and from the consumer who is hung in there despite tough times. in pafact, we can see uneunempl drop below 7%. the market may be overstating from the central bank in 2013. at the current pace, new round of quantitative easing will add $1 trillion to the balance sheet. i think it'll be less. maybe the $750 billion range. if we get growth and lower unem ploi ploimt, that /* /- i'm predicting we end next year with 2% to 2.25% two-year treasury. mortgage rates may be as low as they are going to get. those are my predictions for 2013. >> all right, steve, thank you so much pch john has his eye on 2013 but this one in technology after
goes over the fiscal cliff in a if you days time and for how long. if it's avoided, there's considerable upside for the economy. you can see at least one and maybe two quarters of growth above 3%. the kind of growth putting people back to work and lower the unem ploim rating. why? because business has been holding back investment amid uncertainty unleashing business spending adding to growth for the nation rebounding housing and from the consumer who is hung in there despite tough times. in...
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. >> eight days away from the fiscal cliff deadline. there's no movement from miticide or a deal. automatic spending cuts and tax increases will stick in january 1st if no deal is in place. that could throw the u.s. back into recession. president obama and lawmakers are on vacation. congress is not expected to meet again until after christmas. >> i guess we can call in another sign of the times. newsweek will become a digital- only publication in the new year. >> a sad moment. this is its last ever print issue. its features a photograph of the old newsweek offices in new york. the headline reads "last british." the-- "last print edissue." >> a few sloppy snowflakes today, mixed with rain, no accumulation expected. >> will that hold you over? >> no. i am still wishing for snowfall. teachers do as well. a light wintry mix today, not a big deal. nothing to get excited about. why snow excitement factor, 1 out of 10. next weekend we have the potential for little snowfall. let's talk about what's happening right now. areas of rain tracking into southwestern virginia, western north carol
. >> eight days away from the fiscal cliff deadline. there's no movement from miticide or a deal. automatic spending cuts and tax increases will stick in january 1st if no deal is in place. that could throw the u.s. back into recession. president obama and lawmakers are on vacation. congress is not expected to meet again until after christmas. >> i guess we can call in another sign of the times. newsweek will become a digital- only publication in the new year. >> a sad moment....
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goes over the fiscal cliff in a few days' time. and, for how long. if it's avoided, there's considerable upside for the economy. we could see at least one, and maybe two quarters of growth above 3%. the kind of growth that would put people back to work and lower the unemployment rate. why? because business has been holding back investment under the uncertainty, unleashing business spending would add to the growth from the rebound in housing and from the consumer who has hung in there despite tough times. in fact, we could see unemployment drop below 7%. although it might first rise, and people come into the workforce will be discouraged but then it could start to fall. as for the fed i think the market may be overstating its expectation for asset purchases from the central bank in 2013. at the current pace the new round of quantitative easing will add $1 trillion to the balance sheet. i think it's likely to come in less, maybe in the $750 billion range. a lot, just not as much as markets think. so if we get the growth and the lower unemployment, that
goes over the fiscal cliff in a few days' time. and, for how long. if it's avoided, there's considerable upside for the economy. we could see at least one, and maybe two quarters of growth above 3%. the kind of growth that would put people back to work and lower the unemployment rate. why? because business has been holding back investment under the uncertainty, unleashing business spending would add to the growth from the rebound in housing and from the consumer who has hung in there despite...
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brianna keilar is out there for us in honolulu, eight days away from the fiscal cliff. are there any contacts occurring on this topic between the president and anyone in congress, briana? >> reporter: there is an open line of communication, i would say, with senate democrats, hala. but there is really no substantive conversations between the folks that you with need for there to be conversations between in order to strike a deal. the white house and congressional republicans, and perhaps more alarmingly, senate democrats are not in conversations right now with senate republicans or with house republicans. and this is problematic obviously because in order to avoid the fiscal cliff, you would need to find some sort of deal that would make it through the senate and the house and that would need democratic and republican support. now, all eyes on the senate because they will reconvene on the 27th, thursday. and senate majority leader harry reid, it is up to him, really, to cobble together something that can get some of that support. right now the white house is still suppo
brianna keilar is out there for us in honolulu, eight days away from the fiscal cliff. are there any contacts occurring on this topic between the president and anyone in congress, briana? >> reporter: there is an open line of communication, i would say, with senate democrats, hala. but there is really no substantive conversations between the folks that you with need for there to be conversations between in order to strike a deal. the white house and congressional republicans, and perhaps...
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as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p...
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. >>> congress has one week to come to an agreement in order to avoid the so called fiscal cliff. some lawmakers are not hopeful a deal will be reached. congress will return to work on thursday after taking a few days off for the christmas holiday. if no deal is reached the nation will see across the board tax increases and spending cuts in domestic programs. >> while congress focuses on avoiding the fiscal cliff, a number of other legislative issues are going unattended including the agriculture bill which could lead to a big increase in the price of milk. under the bill the government buys milk from farmers if it gets too low. the dairy subsidy is set to expire january 1st. experts say milk could reach $7 in 2013. >> let's hope something gets done. >> that is a lot for milk. >>> still ahead, a check of your holiday travel forecast. >> plus, just in time for christmas, a special homecoming for a dog after he had been on the run for months. >>> the duke and dutchess of cambridge will northbound the southern english village of bucklebury. they will pay a visit to the queen tomorrow
. >>> congress has one week to come to an agreement in order to avoid the so called fiscal cliff. some lawmakers are not hopeful a deal will be reached. congress will return to work on thursday after taking a few days off for the christmas holiday. if no deal is reached the nation will see across the board tax increases and spending cuts in domestic programs. >> while congress focuses on avoiding the fiscal cliff, a number of other legislative issues are going unattended...
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but right now make no mistake about it, the fiscal cliff doubts in getting to january 1 without some kind of even a patchwork deal is what's driving the markets right now in negative territory. >> as we know, it's not a cliff, it's really a slope or series of steps as you're falling down them should a deal not come to pass here. is the drop that we've seen so far after plan b's failure, will we see yet more of the market reacting, a slow degradation of market performance? >> that depends on essentially if, for instance, a week from monday right now we're sitting here and it's almost a certainty that we're going to go over the cliff. i would argue that we could get more back to a cliff rather than slope analogy because it comes down to how swiftly does the market react in a negative way and how swiftly is the fallout on the overall u.s. economy. for example, we're getting reports from around the country that, number one, retailers have lowered their forecast on what the christmas shopping season is going to look like. we're hearing that one of our reporters who is out at a mall today
but right now make no mistake about it, the fiscal cliff doubts in getting to january 1 without some kind of even a patchwork deal is what's driving the markets right now in negative territory. >> as we know, it's not a cliff, it's really a slope or series of steps as you're falling down them should a deal not come to pass here. is the drop that we've seen so far after plan b's failure, will we see yet more of the market reacting, a slow degradation of market performance? >> that...
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lawmakers are trying to get a deal done before the end of the year to avoid a fiscal cliff. congress is not expected to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them just five days to get a deal done to avoid steep tax hikes and spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential econom disaster. >> my one bit of advice to speaker boehner is this. you can't pass a bill with just republicans. on a broad thing like this, you need both. >> ronald reagan model is if you get 80% of what you want, that's a good day. we have the same objective of lower taxes. i like simpson-bowles. put money on the debt. tax rate hikes are partisan solution driven by the president but he'll get tax rate hikes. >> some lawmakers say that no deal will get done by the end of the year. >>> the second victim of a shooting in northeast washington has died. beasley was found shot in the early hours of saturday morning. harris was found lying in the road nearby and pronounced dead
lawmakers are trying to get a deal done before the end of the year to avoid a fiscal cliff. congress is not expected to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them just five days to get a deal done to avoid steep tax hikes and spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential econom disaster. >> my one bit of advice to speaker boehner is this. you can't pass...
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. >>> the other big issue on capitol hill the fiscal cliff. president obama and congress are are home -- are home now for christmas. automatic tax hikes and spending cuts will kick in january 1st. democrats and republicans insist they are still committed to reaching a deal with the house speaker vowing to return to washington the day after christmas. >>> more than 1,000 people attend the memorial service for the late hawaii senator daniel enoway. he was the first japanese american elected to congress. he spent 50 years in washington serving the people of hawaii. he died last week. he was 8 8. >>> this morning an investigation is underway after a baltimore county police officer opens fire, killing a man who they say was pointing a knife at him. mike schuh is live with more on what happened. good morning, mike. >> reporter: good morning. county police say that their officer stopped a man behind this gas station and what happened next is up for investigation. >> the officer on routine patrol passes this shell station around 3:45 in the morning. b
. >>> the other big issue on capitol hill the fiscal cliff. president obama and congress are are home -- are home now for christmas. automatic tax hikes and spending cuts will kick in january 1st. democrats and republicans insist they are still committed to reaching a deal with the house speaker vowing to return to washington the day after christmas. >>> more than 1,000 people attend the memorial service for the late hawaii senator daniel enoway. he was the first japanese...
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. >> plus, eight day before the mi fiscal cliff. what are the prospects for a solution? we know why we're here. to chart a greener path in the air and in our factories. ♪ to find cleaner, more efficient ways to power flight. ♪ and harness our technology for new energy solutions. [ female announcer ] around the globe, the people of boeing are working together, to build a better tomorrow. that's why we're here. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. >>> since we announced we were going to have the nra's wayne lapierre on the program, we received so much feedback on line, more than 40,000 saw this post alone. we'll continue to monitor that conversation online. tell us what you saw on the interview at facebook.com/meetthepress or on twitter. in the meantime, we're going to find out what these two in the meantime, we're going to
. >> plus, eight day before the mi fiscal cliff. what are the prospects for a solution? we know why we're here. to chart a greener path in the air and in our factories. ♪ to find cleaner, more efficient ways to power flight. ♪ and harness our technology for new energy solutions. [ female announcer ] around the globe, the people of boeing are working together, to build a better tomorrow. that's why we're here. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter...
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. >>> plus, eight days before the fiscal cliff. what are prospects for a deal. and the round table or the president's priorities in the new year. that's all ahead. fiscal cliff. fiscal cliff. whatirping ][ cellphon [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ >>> since we announced
. >>> plus, eight days before the fiscal cliff. what are prospects for a deal. and the round table or the president's priorities in the new year. that's all ahead. fiscal cliff. fiscal cliff. whatirping ][ cellphon [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. how much is...
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. >> plus, eight day before the mi fiscal cliff. mi fisca[ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and w
. >> plus, eight day before the mi fiscal cliff. mi fisca[ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor...
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the reason donors are concerned that a fiscal cliff deal could limit the tax deduction on charitable giving in the future. >> good day to you. is that the reason? i think people are worried they won't know what the deduction listen next we're, so front-loading the deduction this year. hopefully it's my wish they don't reduce it at all. >> let's look at some of the numbers. each year 300 billion is given to charity and claim about 50 billion a year in tax deductions. so when you look at some of the numbers, a person making about $too,000, they can deduct 35%. if that were to go down to 28%, how much do you think that would impact giving? >> you know, the estimate is anywhere between 1 and 30 billi billion, depending on how the deduction goes, and even if it's eliminated. it's hard to predict. one of the important things is this deduction han in place since 1917, and no one has ever touched it before. so we have no data on what's going to happen, but i think the americans, three quarters of the americans are concerned it will reduce the money to charity. >>> you know, if the country do
the reason donors are concerned that a fiscal cliff deal could limit the tax deduction on charitable giving in the future. >> good day to you. is that the reason? i think people are worried they won't know what the deduction listen next we're, so front-loading the deduction this year. hopefully it's my wish they don't reduce it at all. >> let's look at some of the numbers. each year 300 billion is given to charity and claim about 50 billion a year in tax deductions. so when you look...
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we are ahead of the curve." >>> christmas is upon us and can the fiscal cliff be far behind? the short answer is no. before flying off to hawaii, president obama left behind a stopgap plan to, in his words, agree on what he agree on and leave the rest for later. our brianna keilar, lucky girl, traveling with the first family. she's in honolulu, hawaii. how much of a working holiday is this for the president or is it really up to congress at this point to do something in the next eight days? >> reporter: it's always a working holiday for president obama, but it's very much up to congress to do something here going into the new year. as of right now, this may surprise you, but there are basically no discussions going on. the white house, senate democrats, they are not in discussion with how republicans and senate republicans in any substantive way. that may seem troubling to you because in order to work out some sort of deal to make it through congress, all parties need to agree to something. but as of right now, they are not talking. all eyes now turning to the senate, which w
we are ahead of the curve." >>> christmas is upon us and can the fiscal cliff be far behind? the short answer is no. before flying off to hawaii, president obama left behind a stopgap plan to, in his words, agree on what he agree on and leave the rest for later. our brianna keilar, lucky girl, traveling with the first family. she's in honolulu, hawaii. how much of a working holiday is this for the president or is it really up to congress at this point to do something in the next...
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senator sessions said the fiscal cliff is like three days away. we have to read it to sign off on it. >> that's the worst. no, this is not time. let's reform it and go about it with a squaple. meet axe hacks it across the board. either we are going off of the cliff or bad short-term deal that kicks the can down the road. we need to reform quick kick in the can. >> clayton: secretary panetta, set to take over him. white house looking at possible options and name that is bandied about is form are senator chuck hagel. critics slammed him of course and looks like the white house is trying to go in a different direction. others say give him a shake. go back to and see he is a fair-mind guy. >> i think he's the wrong pick at the wrong time. lack of support of israel and unwillingness to call the iran revolutionary guard a terrorist organization and he stepped back from action against iran and he was one of the biggest critics . one telling us that the surge couldn't work. that was always here from chuck hagel. that's not the kind of guy i want leading t
senator sessions said the fiscal cliff is like three days away. we have to read it to sign off on it. >> that's the worst. no, this is not time. let's reform it and go about it with a squaple. meet axe hacks it across the board. either we are going off of the cliff or bad short-term deal that kicks the can down the road. we need to reform quick kick in the can. >> clayton: secretary panetta, set to take over him. white house looking at possible options and name that is bandied about...
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host: clarence page, a prediction, what happens with eight days remaining before the fiscal cliff? guest: i was optimistic about them beating the deadline. i'm not that optimistic anymore. there are ways to weasel around the deadline with the least amount of pain in the short term and fix the problem down the road, at least two or three months or something like that. i hope i'm wrong. i hope they do come to their senses and show how well they can reason together on or about january 1. we will see. host: thank you for talking to our viewers. we will take a short break. we will dig into this headline when we come back -- we will be right back. >> ♪ [video clip] >> there are about a dozen buildings around world that are by far the the most important places of the internet. they are the places where more networks of the internet connect to each other than anywhere else. they're mostly in places you expect, new york, london, frankfurt, tokyo, with a couple interesting outliers. places like aspirin, virginia, and incorporated the suburbs not far from dulles airport. if you ask the netw
host: clarence page, a prediction, what happens with eight days remaining before the fiscal cliff? guest: i was optimistic about them beating the deadline. i'm not that optimistic anymore. there are ways to weasel around the deadline with the least amount of pain in the short term and fix the problem down the road, at least two or three months or something like that. i hope i'm wrong. i hope they do come to their senses and show how well they can reason together on or about january 1. we will...
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to the fiscal cliff. the president and the house speak remember refusing to budge. both sides are taking a break but will return to washington on thursday to try to work out a deal. >>> and keeping watch of st. nick and keeping with the christmas spirit, norad is tracking santa. last reports have the jolly guy in red making his way across africa. by the way, the norad tradition of following santa goes back decades, having started in 1955. i'm natalie adam with a look at the headlines this christmas eve. now back to "the mystery of jesus." ♪ ♪ hallelujah hallelujah hallelujah hallelujah hallelujah ♪ >>> trying to figure out what jesus really looked like has preoccupied christians for centuries. and legions of artists have stayed busy trying to supply the answer. ♪ for the lord god omnipotent reigneth ♪ >> but the difficulty in trying to flesh out the image of jesus is that his contemporaries considered his message, not his looks, all important. also, judaism forbids the worship of images and idol
to the fiscal cliff. the president and the house speak remember refusing to budge. both sides are taking a break but will return to washington on thursday to try to work out a deal. >>> and keeping watch of st. nick and keeping with the christmas spirit, norad is tracking santa. last reports have the jolly guy in red making his way across africa. by the way, the norad tradition of following santa goes back decades, having started in 1955. i'm natalie adam with a look at the headlines...